Dimensional Fund Advisors LP Sells 164,817 Shares of Paysafe Limited $PSFE

Key Points

• Dimensional Fund Advisors reduced its Paysafe stake by 7.2%, selling 164,817 shares during the first quarter. It still held 2.13 million shares, representing approximately 4.12% of the company and valued at $14.5 million.
• Paysafe reported quarterly EPS of $0.41, slightly above the $0.40 consensus estimate, while revenue of $442.72 million exceeded expectations of $424.41 million. However, the company posted a negative net margin of 11.44%.
• Analyst sentiment remains cautious: Paysafe has a consensus rating of “Reduce”, with one Buy, two Hold, and three Sell ratings, and an average price target of $9.88 versus the reported share price of $7.33.

Dimensional Fund Advisors LP decreased its position in shares of Paysafe Limited (NYSE:PSFE - Free Report) by 7.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,131,191 shares of the company's stock after selling 164,817 shares during the period. Dimensional Fund Advisors LP owned about 4.12% of Paysafe worth $14,513,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of Paysafe by 143.1% during the second quarter. Tower Research Capital LLC TRC now owns 5,548 shares of the company's stock valued at $70,000 after purchasing an additional 3,266 shares in the last quarter. State of Alaska Department of Revenue bought a new position in Paysafe in the fourth quarter worth $83,000. Directional Asset Management bought a new position in Paysafe in the fourth quarter worth $93,000. Mercer Global Advisors Inc. ADV purchased a new position in Paysafe during the fourth quarter valued at $93,000. Finally, Quantbot Technologies LP purchased a new position in Paysafe during the second quarter valued at $106,000. Institutional investors own 54.39% of the company's stock.

Paysafe Price Performance

Shares of NYSE:PSFE opened at $7.33 on Friday. The business has a fifty day moving average price of $7.65 and a 200-day moving average price of $7.50. The company has a debt-to-equity ratio of 4.03, a current ratio of 1.16 and a quick ratio of 1.16. The company has a market capitalization of $378.81 million, a PE ratio of -2.08 and a beta of 1.74. Paysafe Limited has a 1-year low of $5.95 and a 1-year high of $15.02.

Paysafe (NYSE:PSFE - Get Free Report) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.40 by $0.01. The company had revenue of $442.72 million for the quarter, compared to the consensus estimate of $424.41 million. Paysafe had a negative net margin of 11.44% and a positive return on equity of 11.32%.

Insider Activity at Paysafe

In related news, insider Richard Swales sold 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $7.69, for a total transaction of $76,900.00. Following the completion of the sale, the insider owned 44,456 shares of the company's stock, valued at $341,866.64. This trade represents a 18.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Analysts Set New Price Targets

PSFE has been the subject of several research reports. Susquehanna reiterated a "neutral" rating and issued a $10.00 price target (up from $9.00) on shares of Paysafe in a research note on Thursday, May 14th. UBS Group reissued a "sell" rating and set a $7.50 price objective (up from $6.75) on shares of Paysafe in a research note on Thursday, May 14th. Zacks Research cut shares of Paysafe from a "hold" rating to a "strong sell" rating in a report on Wednesday, July 15th. Weiss Ratings downgraded shares of Paysafe from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, May 14th. Finally, Wall Street Zen lowered shares of Paysafe from a "buy" rating to a "hold" rating in a report on Monday, August 3rd. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $9.88.

Paysafe Company Profile

Paysafe is a global payments provider that delivers a comprehensive suite of online and offline payment solutions. The company operates a diverse portfolio of products, including digital wallets under the Skrill and Neteller brands, prepaid voucher services through paysafecard, and integrated payment processing solutions for merchants. Paysafe's platform is designed to serve a wide range of industries, from e-commerce and digital goods to gaming, financial services, and regulated verticals, offering tailored risk and compliance management alongside its core transaction capabilities.

Founded through a series of mergers and strategic acquisitions, Paysafe traces its origins to the launch of paysafecard in 2000 and the establishment of Optimal Payments in 1996.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source